Update 1/19/24: Deal is back with terms same as last time. Valid 1/16 – 2/29
Update 12/2/23: New round went out for 12/1/23 – 1/15/24. Terms. This time the tiers are lower, and include $100 bonus with $10,000 deposit, $400 bonus with $100k, $2,500 bonus with $500k, $5,000 bonus with $1M.
Update 10/16/23: New round went out now for October 15 – November 30th. Direct Link | Terms The tiers are slightly different with the $100 tier now requiring $3,001 (versus $2,001 last time). The other tiers are $20k for $150 and $100k for $400. (ht Mawney) Even if you did the last one, you should be able to do this one too.
The Offer
Direct Link to offer | Terms | Check your Moomoo app (click on the banner on the “accounts” page)
Moomoo brokerage is offering registration for existing users to get a transfer bonus with the following tiers:
Transfer $2,000.01 or more in assets and get $100 bonus
Transfer $10,000 or more in assets and get $150 bonus
Transfer $50,000 or more in assets and get $400 bonus
The Fine Print
Aug 30th, 2023, 00:00 ET ‒ Sep 30th, 2023, 23:59 ET
Who can Participate: The ACATS Transfer Rewards promotion is available for new and existing customers of Moomoo Financial Inc.(“MFI”) You must be at least 18 years old to participate.
How do I participate? Enter the event page and tap “Sign up” to participate in the event.
Transfer eligible assets to MFI during the Promotion Period from an account at one of the following broker-dealers: Robinhood, Webull, TD Ameritrade (including ThinkorSwim),Interactive Broker, Fidelity, E Trade, Cash App, Charles Schwab, Ally Invest, Firstrade, or Merrill Lynch. Transfers from other broker-dealers are not eligible for this Promotion.
If, during the Promotion Period, you transfer assets (stock, cash, etc.) totaling the amounts shown below, you will be eligible for the rewards also shown. The cash reward will be credited to your Moomoo Financial Inc. brokerage account within 10 business days after the end of the Promotion Period. Note: The cash reward has a minimum buy order amount limitation(at least $1) for using and its validity period is 720 days from the date of issuance of the cash reward.
Cash rewards can only be used to buy equities (stocks, ETFs, etc.). The amount equal to the Cash Reward will be credited to the client’s account within three trading days after the order is settled. For more information, please read the “About cash rewards” section below.
Our Verdict
The $100 tier with $2,000 deposit seems easily doable. We saw a similar offer in July, and this can now be done again for a second time. Just be sure to sign up first. I assume this offer is showing in the app for everyone. If you are doing the lowest $100 tier, be sure to deposit slightly more than $2,000, e.g. $2,000.01.
Remember to do transfers from a broker such as Fidelity or Schwab with no ACAT-out fee. Robinhood and Webull charge fees.
Please read our original post on Moomoo here and the newer discussion post here. Do not leave your Moomoo referral in the comments below or anywhere else on the site. The existing referral thread is now locked; you can find a referral there if you want to sign up now for Moomoo.